Man pleads guilty to laundering $4 million in drug proceeds through crypto
A Mexican national pleaded guilty to conspiring to launder approximately $4 million in drug trafficking proceeds generated in the United States and return them through cryptocurrency to Mexico, the Justice Department announced.
TL;DR
- A Mexican national pleaded guilty to conspiring to launder money.
- Approximately $4 million in drug trafficking proceeds were laundered.
- Proceeds were generated in the United States.
- The laundered money was intended to be returned to Mexico via cryptocurrency.